Tag Archives: CrowdfundInsider

LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission indicating it has entered into a Warehouse Credit Agreement on October 10th with “certain lenders.” In connection with the Warehouse Agreement, “LendingClub Warehouse” also entered into a Security Agreement with the Administrative Agent… Read More

Prospa, an Australian online lender for small businesses, has formed a partnership with Gandel-backed retail marketplace MyDeal, which will allow retailers on its platform to apply for loans of up to $250,000. According to Australian Financial Review, the partnership will allow Prospa to integrate directly into the… Read More

Ron Suber has become one of the most recognizable voices in the global Fintech arena. Since officially departing the Fintech he helped to create, the former President of Prosper Marketplace has become an elder statesman for online lending and financial innovation in general. An… Read More

Just a couple months after iFundWomen announced its expansion into Maryland, the City of Boston revealed on Monday it is teaming up with the crowdfunding platform women. As previously reported, iFundWomen is on a mission to help drive funding towards female entrepreneurs and close the gender… Read More

Last week, short-term peer-to-peer lending platform Welendus announced it has received full Financial Conduct Authority (FCA) Approval. The company revealed on LinkedIn last week the exciting news: “We are pleased to announce that Welendus (PTP Funding Limited) is now authorised and regulated by the FCA… Read More

Indoor climbing brand Boulder Hut is set to close its equity crowdfunding campaign on Crowdcube with nearly £375,000 in funding from more than 360 investors. The initiative was launched last month, seeking £250,000 as it prepares to build its first center in Ellesmere Port, which is south… Read More

PeerStreet, an online marketplace for real estate backed loans, has appointed Louis Nees as Head of Capital Markets. Nees is a Wall Street veteran with over 30 years of experience in the financial services industry. Nees previously served as SVP of Global Capital Markets for… Read More

Startupbootcamp FinTech program in Latin America, which is a joint venture between Startupbootcamp and Finnovista, announced on Monday it celebrated the end of its first batch during Demo Day. According to the program, each of the startups has collectively secured 30 pilot projects and collaborations… Read More

Dow Jones has just released its quarterly report on Venture Capital in Europe. According to their tally, venture capital declined both in regards to funds raised and investment activity during the 3rd quarter. Both the number of funds and amount raised by European VC funds decreased… Read More

Global crowdfunding platform Indiegogo announced on Sunday the launch of its new Indiegogo Marketplace, which offers users a chance to purchase projects that are ready to ship. While sharing details about the new feature, Indiegogo revealed: “Today we’re launching the Indiegogo Marketplace to help you… Read More

Streamr reports it has closed its Initial Coin Offering (ICO) early having raised CHF 30 million (USD $ 30.74M) from more than 1300 backers. Streamr had set a hard cap on the offer but it was originally scheduled to run until October 26th. The public… Read More

Global Debt Registry (GDR), a Fintech firm that provides asset verification for institutional investors and warehouse lenders in the online lending market, has announced it has topped $1.5 billion in loans validated from leading online lenders. GDR says that has processed 100,000 online, unsecured consumer… Read More

SoFi announced on Friday the closing of a $776.7 million offering of SoFi Professional Loan Program 2017-E notes, which has been dubbed the lending platform’s largest loan securitization. According to the online lender, SoFi 2017-E marks the company’s largest asset-backed securities issue to date and its 10th ABS… Read More

Julian Assange, the founder of Wikileaks who is holed up in the Embassy of Ecuador in London, is thanking the US government for boosting his investment returns. Assange shares in a tweet that the illegal banking blockade targeting Wikileaks compelled him to look elsewhere to… Read More

IBM (NYSE: IBM) announced on Monday it is teaming up with Canadian-based fintech company Dream Payments to bring a new revenue-generating, mobile payment offerings to financial institutions and merchants in the United States through the IBM Cloud. The technology giant revealed that it and Dream Payments are rolling out… Read More

Marvelstone Group, the company behind the world’s largest Fintech hub – LATTICE80, is getting into Artificial Intelligence (AI) in a big way. Marvelstone has announced the creation of the “world’s largest AI Hub” based in Singapore. Marvelstone, based in Singapore, is a private investment group that… Read More

London-based BotSkill, a Software as a Service (SaaS) chatbot firm, has secured a £250,000 investment led by the British Robotics Seed Fund (BRSF). Simultaneously, BotSkill has launched an investment crowdfunding campaign on Britbots Crowd. The offer on Britbots Crowd seeks £350,000 for an EIS eligible… Read More

Equity crowdfunding platform StartEngine officially launched their self-crowdfunding round this past Friday. The securities offer seeks a maximum funding goal of $5 million using Reg A+. Both accredited and non-accredited investors may participate in the funding round. StartEngine, one of the larger full stack (Reg… Read More

Geostellar successfully crowdfunded on Republic last week and became the most funded campaign on the platform to date. According to the campaign page, Geostellar attracted the support of 729 investors who invested $325,308 on a minimum goal of $50,000. Geostellar is a platform that is… Read More

Keith Noreika, acting Comptroller of the Currency, published an Op-Ed in the Hill on Friday that hammered the Consumer Financial Protection Bureau’s (CFPB) decision to push forward an updated rule on arbitration clauses for financial service firms. At the time the ruling was announced, CFPB… Read More

On September 22, 2017, the Gibraltar Financial Services Commission (GFSC) issued a Statement on Initial Coin Offerings (ICO). With the GFSC Statement, Gibraltar joined a growing number of jurisdictions that have provided token sale guidance, including, among others, the United States, Canada, Singapore, Hong… Read More

The painful truth about the explosion of startups turning to crowdfunding to help build their dream products is that many of them struggle to meet delivery dates. Even many successful crowdfunding campaigns that garner an enormous amount of interest and supporters, noteworthy media buzz and… Read More

Tencent Received License to Sell Insurance on WeChat and QQ This week, China Insurance Regulatory Commission (CIRC) announced that it had grant an operation license to Shenzhen Wei Min Insurance Agency Co. Ltd. Tencent owns a majority stake (57.8%) of this new insurer. Fubon Property… Read More

Scotiabank announced on Friday it has formed a partnership with Latin America’s startup accelerator, NXTP Labs. According to the Canadian bank, the strategic collaboration will allow it to gain access to the most promising Fintechs in Mexico, Colombia, Chile, and Peru, and also leverage these… Read More

Earlier this month, Grid+ announced the results of its Initial Coin Offering (ICO) pre-sale that brought in about $27 million. The forthcoming public sale is scheduled to kick off just before Holloween on October 30th. Grid has now raised about half of its 90 million… Read More

With its equity crowdfunding campaign on Crowdcube set to close on October 24th, VC backed and Kickstarter alum Kokoon has successfully secured more than £900,000. The company launched the initiative last month seeking £750,000, which was achieved within the first week. As previously reported, Kokoon was founded… Read More

Hybrid estate agent, Vesper Homes, has successfully secured its initial 100,000 funding target on Seedrs thanks to nearly 100 investors. As previously reported, Vesper stated that it offers users all of the same services as a local estate agent, but with a saving of 50% on fees…. Read More

Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), spoke about the intrinsic potential of Blockchain or Distributed Ledger Technology (DLT) at the Global Blockchain Business Conference last week in India. Singapore is the leading Fintech hub in southeast Asia and is keen… Read More

Santander InnoVentures, the Fintech VC fund of Santander Group, has invested in the Mexican startup ePesos, a mobile payments company for the underbanked. The $6 million funding round included the participation of VilCap Investments, Pomona Impact, and Fiinlab, the innovation lab owned by Gentera. The… Read More

LendIt Europe took place in London earlier this week with around 1000+ attendees participating including a good showing of regular suspects and an emerging group of early stage, aspiring Fintech firms. For both presenters and attendees the backdrop of the Brexit decision and the uncertainties… Read More

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UK radio group Global, the owners of Heart and Classic FM, has acquired US company AudioHQ, which will be integrated into its DAX audio advertising platform. No terms were disclosed. The acquisition marks Global’s entry into the US market with offices in New York, LA, Chicago, and Detroit and […]

Bim, a French restaurant table booking app, has raised €2.5 million in new funding to begin its international expansion. The investment comes from several business angels including Blablacar cofounder Frédéric Mazzella and Havas Group CEO Yannick Bolloré. Bim’s app […]

Silicon Valley may be the techiest place on earth, but even here, the way people open the front door hasn’t changed much in a century. Most of us still get in by turning a flat metal key in a lock. Visitors ring doorbells, and we peep at them through peepholes. If we’re out, […]

I have a new habit. It quenches a thirst. It soothes a weakened, battered piece of my psyche. It repairs my wounds and unleashes me, more powerful, into my day. It fulfills the saddest, most regrettable pieces of myself. It may also be a habit that you want to pick up. You too may find that […]

Supersolid, a London-based mobile games developer with more than 50 million downloads under its belt, is best known for the smash hit games like Super Penguins, Adventure Town and Pororo Penguin Run. The company has now raised a $4 million Series A investment round, led by Index […]